“This is like Russia 15 years ago.”

So says a banker in regards to the AIG bonus tax.

“Finance is one of America’s great industries, and they’re destroying it,” said one banker at a firm that has accepted public money. “This happened out of haste and anger over AIG, but we’re not like AIG.”

“It’s like a McCarthy witch-hunt . . . This is the most profoundly anti-American thing I’ve ever seen.”

Senior executives on both sides of the Atlantic on Friday warned of an exodus of talent from some of the biggest names in US finance, saying the “anti-American” measures smacked of “a McCarthy witch-hunt” that would send the country “back to the stone age”.

You think things cannot get worse, well the Democrats are doing their hardest to make it worse. You cannot convince me that it was not known that these bonus’s were to be paid. To now tax them away, is very un-American. So now, if Congress does not like how much money you are making, they can single you out too and tax away your earnings. Where do you think the best bankers and financiers will go? They surely will leave this country so as to not be subject to taxation like this.

The other dirty little secret folks. many of those who received the AIG bonus’s, were from a London office. This stupid and ill advised tax that Congress has spent so much time and effort on, and in the long run, more of our money, will never be collected because the recipients live abroad.

Now, it is time for a change.

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~ by thedark2 on March 20, 2009.

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